Based in Bedford Texas (part of the Dallas-Fort Worth Metroplex), the Mustangs play their home games at Pennington Field (the campus was formerly M.B.

The Lone Star Mustangs played their first full season of women's full contact football in 2009 and ended the season at 6-2 after playing the H-Town Texas Cyclones and the Austin Outlaws and missed the playoffs by merely 1 point.

In 2010, the second full season of play for the Mustangs, they won the Women's Football Alliance National Championship.

The Mustangs team was originally owned and operated by Dallas - Fort Worth businesswoman LynMarie Liberty - Ellington.

At the end of the 2011 season, LynMarie chose to allow the players and coaches to run the team, which will officially be player-owned in 2012.